155. Lloyd Lee, A Blessed Life and Real Estate Private Equity

Show Notes: Lloyd opens the conversation by talking about the infinite opportunities at Harvard and encourages incoming freshmen to make the most of their time there. Lloyd shares his initial plan to study pre-med but also pursued fine arts, specifically architecture, and theater work. He mentions meeting Professor James Stilgoe at the Graduate School of Design, which opened his eyes to opportunities beyond STEM. From Cornell to New York City Lloyd discusses his decision to attend Cornell and his subsequent move to New York City. He had two job offers: working at Disney or a consulting firm, but chose the consulting firm due to financial needs. Lloyd worked for a boutique workout restructuring organization in New York City and later joined Starwood Capital Group. He was asked to open the London office for Starwood Capital Group in 2001, combining his interests in architecture, finance, and real estate. He honed his skills as an investment guy over the next few years before moving into entrepreneurship. Founding Yoo Capital In 2010, Lloyd and his business partner founded Yoo Capital, focusing on real estate private equity. The firm aimed to be responsible and institutional in their investments, creating global iconic destinations in London. Yoo Capital has invested in various sectors, including live theaters, film and television studios, music arenas, hotels, and restaurants. The firm has also created incubator spaces for startups and supports educational programs at Imperial College London and other institutions. About Yoo Capital Yoo Capital has committed to contributing 50% of all housing built in central London to government affordable housing. The firm has partnerships with major names in hospitality, food, beverage, music, and entertainment. Yoo Capital's investments are considered strategic to the national interest and socially responsible. The firm ensures accessibility in their destinations, ranging from affordable to high-end options. Professional and Personal Goals Lloyd shares his practice of journaling since 1997, mapping out his personal and professional goals. He contributes the success of his journey to education, skills learned, and opportunity to his passions professionally. He and his wife have created an ethos to build opportunities and contribute to social value that they have impressed upon their children. Lloyd discusses the importance of setting targets and reviewing progress regularly. He emphasizes the significance of maintaining a work-life balance and involving his family in the planning process, and he explains his setting targets and weekly review process.  Challenges of Brexit and COVID-19 Lloyd recounts the challenges faced during the Brexit vote and the COVID-19 pandemic. He explains the firm's strategy of being prudent and risk-averse, often forward-selling properties to secure investments. Lloyd shares a story about forward-selling and transforming a million square feet of residential property during the recession. Lloyd describes many of the exciting rejuvenation projects that invest in both the buildings and benefit the community with housing, entertainment, art, and businesses. The firm's approach has allowed them to weather economic storms and continue growing. Lloyd also mentions what he has learned from working with theatres. Harvard Reflections Lloyd credits Professors James Stilgoe and Harvey Cox as influential figures in his life. He discusses how Professor Stilgoe's course on the History of the American Built Environment broadened his perspective. Lloyd appreciates Professor Cox's course on Jesus in the world, which reinforced his Christian beliefs. Both professors' teachings have shaped Lloyd's approach to business and personal life. Guiding Beliefs at Work Lloyd explains how his Christian beliefs guide his professional decisions and the firm's ethos. He emphasizes the importance of humility and collaboration with world-class partners. Lloyd shares how the firm's investments are rooted in creating socially responsible and accessible destinations. He highlights the significance of maintaining a moral fiber in all business dealings. Lloyd discusses the firm's future plans, including expanding their investments in central London. He mentions ongoing projects like the Camden Film Quarter and the transformation of Olympia. The firm aims to continue creating iconic destinations that are both financially successful and socially responsible. Lloyd expresses his gratitude for the opportunities and challenges that have shaped his journey. Timestamps: 04:22: Transition from Harvard to Early Career  08:53: Social Responsibility and Strategic Partnerships  12:15: Personal and Professional Growth  21:54: The Weekly Review Process 24:22: Founding Yoo Capital 32:19: Understanding the Theatre Business  43:06: Influence of Harvard Professors  Links: Yoo Capital: https://yoocapital.com/ Olympia: https://www.olympia.co.uk/ Camden Film Quarter: https://www.camdenfilmquarter.com/       Featured Non-profit:   The featured non-profit of this week's episode is brought to you by Elijah Aron who reports:  "Hi. I'm Elijah Aron, class of 1992. The featured non-profit of this episode of The 92 report is Earth Justice. Basically, it's an organization of lawyers who protect the planet. I like to give money to environmental causes, but I don't always understand what a lot of these big green nonprofits are actually doing with my money. But Earth justice, I totally understand. They fight court cases against corporations and sometimes the federal government on the side of the earth. You can learn more about their [email protected] Now here is Will Bachman with this week's episode. To learn more about their work, visit: www.earthjustice.org.    *Show notes and transcript are AI generated.